{"id":"https://openalex.org/W4292331547","doi":"https://doi.org/10.2139/ssrn.2954537","title":"Credit Misallocation During the European Financial Crisis","display_name":"Credit Misallocation During the European Financial Crisis","publication_year":2017,"publication_date":"2017-01-01","ids":{"openalex":"https://openalex.org/W4292331547","doi":"https://doi.org/10.2139/ssrn.2954537"},"language":"en","primary_location":{"id":"doi:10.2139/ssrn.2954537","doi":"https://doi.org/10.2139/ssrn.2954537","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2954537","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"volume":null,"type":"preprint","indexed_in":["crossref"],"open_access":{"is_oa":true,"oa_status":"green","oa_url":"https://doi.org/10.2139/ssrn.2954537","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5084255752","display_name":"Fabiano Schivardi","orcid":"https://orcid.org/0000-0001-7708-1011","observed_orcids":["https://orcid.org/0000-0001-7708-1011"]},"institutions":[{"id":"https://openalex.org/I154032705","display_name":"Einaudi Institute for Economics and Finance","ror":"https://ror.org/04e874t64","country_code":"IT","type":"facility","lineage":["https://openalex.org/I154032705"]},{"id":"https://openalex.org/I4210140326","display_name":"Centre for Economic Policy Research","ror":"https://ror.org/04jzmdh37","country_code":"GB","type":"nonprofit","lineage":["https://openalex.org/I4210140326"]},{"id":"https://openalex.org/I56441308","display_name":"Libera Universit\u00e0 Internazionale degli Studi Sociali Guido Carli","ror":"https://ror.org/01q8b6q23","country_code":"IT","type":"education","lineage":["https://openalex.org/I56441308"]}],"countries":["GB","IT"],"is_corresponding":true,"raw_author_name":"Fabiano Schivardi","raw_affiliation_strings":["Centre for Economic Policy Research (CEPR), London, United Kingdom","Einaudi Institute for Economics and Finance (EIEF), Via Due Macelli, 73, Rome, 00187, Italy","Luiss Guido Carli - Department of Economics and Finance, Viale Romania 32, Rome, Rome 00187, Italy","Centre for Economic Policy Research (CEPR)","Einaudi Institute for Economics and Finance (EIEF)","Luiss Guido Carli - Department of Economics and Finance"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR), London, United Kingdom","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Einaudi Institute for Economics and Finance (EIEF), Via Due Macelli, 73, Rome, 00187, Italy","institution_ids":["https://openalex.org/I154032705"]},{"raw_affiliation_string":"Luiss Guido Carli - Department of Economics and Finance, Viale Romania 32, Rome, Rome 00187, Italy","institution_ids":["https://openalex.org/I56441308"]},{"raw_affiliation_string":"Centre for Economic Policy Research (CEPR)","institution_ids":["https://openalex.org/I4210140326"]},{"raw_affiliation_string":"Einaudi Institute for Economics and Finance (EIEF)","institution_ids":["https://openalex.org/I154032705"]},{"raw_affiliation_string":"Luiss Guido Carli - Department of Economics and Finance","institution_ids":["https://openalex.org/I56441308"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5052038278","display_name":"Enrico Sette","orcid":null,"observed_orcids":[]},"institutions":[{"id":"https://openalex.org/I103737770","display_name":"Bank of Italy","ror":"https://ror.org/03v2nbx43","country_code":"IT","type":"funder","lineage":["https://openalex.org/I103737770"]}],"countries":["IT"],"is_corresponding":false,"raw_author_name":"Enrico Sette","raw_affiliation_strings":["Bank of Italy, Via Nazionale 91, Rome, 00184, Italy","Bank of Italy"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bank of Italy, Via Nazionale 91, Rome, 00184, Italy","institution_ids":["https://openalex.org/I103737770"]},{"raw_affiliation_string":"Bank of Italy","institution_ids":["https://openalex.org/I103737770"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5083259949","display_name":"Guido Tabellini","orcid":"https://orcid.org/0000-0002-2272-4638","observed_orcids":["https://orcid.org/0000-0002-2272-4638"]},"institutions":[{"id":"https://openalex.org/I1340728805","display_name":"Ifo Institute for Economic Research","ror":"https://ror.org/045495t75","country_code":"DE","type":"facility","lineage":["https://openalex.org/I1340728805","https://openalex.org/I315704651"]},{"id":"https://openalex.org/I71209653","display_name":"Bocconi University","ror":"https://ror.org/05crjpb27","country_code":"IT","type":"education","lineage":["https://openalex.org/I71209653"]}],"countries":["DE","IT"],"is_corresponding":false,"raw_author_name":"Guido Tabellini","raw_affiliation_strings":["Bocconi University - Department of Economics, Via Gobbi 5, Milan, 20136, Italy","Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research, Via Roentgen 1, Milan, 20136, Italy","Center for Economic Studies and Ifo Institute for Economic Research (CESifo), Poschinger Str. 5, Munich, DE-81679, Germany","Bocconi University - Department of Economics","Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research","Center for Economic Studies and Ifo Institute for Economic Research (CESifo)"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Bocconi University - Department of Economics, Via Gobbi 5, Milan, 20136, Italy","institution_ids":["https://openalex.org/I71209653"]},{"raw_affiliation_string":"Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research, Via Roentgen 1, Milan, 20136, Italy","institution_ids":["https://openalex.org/I71209653"]},{"raw_affiliation_string":"Center for Economic Studies and Ifo Institute for Economic Research (CESifo), Poschinger Str. 5, Munich, DE-81679, Germany","institution_ids":["https://openalex.org/I1340728805"]},{"raw_affiliation_string":"Bocconi University - Department of Economics","institution_ids":["https://openalex.org/I71209653"]},{"raw_affiliation_string":"Bocconi University - IGIER - Innocenzo Gasparini Institute for Economic Research","institution_ids":["https://openalex.org/I71209653"]},{"raw_affiliation_string":"Center for Economic Studies and Ifo Institute for Economic Research (CESifo)","institution_ids":["https://openalex.org/I1340728805"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":6,"corresponding_author_ids":["https://openalex.org/A5084255752"],"corresponding_institution_ids":["https://openalex.org/I154032705","https://openalex.org/I4210140326","https://openalex.org/I56441308"],"apc_list":null,"apc_paid":null,"fwci":null,"has_fulltext":false,"cited_by_count":46,"citation_normalized_percentile":null,"cited_by_percentile_year":null,"biblio":{"volume":null,"issue":null,"first_page":null,"last_page":null},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":0.9932000041007996,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10007","display_name":"Monetary Policy and Economic Impact","score":0.0013000000035390258,"subfield":{"id":"https://openalex.org/subfields/2000","display_name":"General Economics, Econometrics and Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10019","display_name":"Corporate Finance and Governance","score":0.0006000000284984708,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/credit-misallocation","display_name":"credit misallocation","score":0.9990000128746033},{"id":"https://openalex.org/keywords/bank-capital","display_name":"bank capital","score":0.871999979019165},{"id":"https://openalex.org/keywords/bank-firm-relationships","display_name":"bank-firm relationships","score":0.8059999942779541},{"id":"https://openalex.org/keywords/business-failure","display_name":"business failure","score":0.6420000195503235},{"id":"https://openalex.org/keywords/business-growth","display_name":"business growth","score":0.6930000185966492},{"id":"https://openalex.org/keywords/eurozone-crisis","display_name":"eurozone crisis","score":0.8579999804496765},{"id":"https://openalex.org/keywords/great-recession","display_name":"Great Recession","score":0.8370000123977661},{"id":"https://openalex.org/keywords/aggregate-efficiency","display_name":"aggregate efficiency","score":0.6029999852180481},{"id":"https://openalex.org/keywords/italy","display_name":"Italy","score":0.4869999885559082}],"concepts":[{"id":"https://openalex.org/C556758197","wikidata":"https://www.wikidata.org/wiki/Q580018","display_name":"Monetary economics","level":1,"score":0.6230380535125732},{"id":"https://openalex.org/C2778300220","wikidata":"https://www.wikidata.org/wiki/Q114380","display_name":"Financial crisis","level":2,"score":0.601106584072113},{"id":"https://openalex.org/C2778869765","wikidata":"https://www.wikidata.org/wiki/Q6028363","display_name":"Inefficiency","level":2,"score":0.5481170415878296},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.5319172739982605},{"id":"https://openalex.org/C83646750","wikidata":"https://www.wikidata.org/wiki/Q193893","display_name":"Capital (architecture)","level":2,"score":0.47337454557418823},{"id":"https://openalex.org/C180879305","wikidata":"https://www.wikidata.org/wiki/Q590998","display_name":"Credit crunch","level":2,"score":0.4430268704891205},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4310249090194702},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3662753701210022},{"id":"https://openalex.org/C139719470","wikidata":"https://www.wikidata.org/wiki/Q39680","display_name":"Macroeconomics","level":1,"score":0.10495087504386902},{"id":"https://openalex.org/C95457728","wikidata":"https://www.wikidata.org/wiki/Q309","display_name":"History","level":0,"score":0.0},{"id":"https://openalex.org/C166957645","wikidata":"https://www.wikidata.org/wiki/Q23498","display_name":"Archaeology","level":1,"score":0.0},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.2139/ssrn.2954537","doi":"https://doi.org/10.2139/ssrn.2954537","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2954537","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"}],"best_oa_location":{"id":"doi:10.2139/ssrn.2954537","doi":"https://doi.org/10.2139/ssrn.2954537","is_oa":true,"landing_page_url":"https://doi.org/10.2139/ssrn.2954537","pdf_url":null,"source":{"id":"https://openalex.org/S4210172589","display_name":"SSRN Electronic Journal","issn_l":"1556-5068","issn":["1556-5068"],"is_oa":true,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I1318003438","host_organization_name":"RELX Group (Netherlands)","host_organization_lineage":["https://openalex.org/I1318003438"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"acceptedVersion","is_accepted":true,"is_published":false,"raw_source_name":null,"raw_type":"posted-content"},"sustainable_development_goals":[],"sustainable_development_goals_aurora":[{"display_name":"Decent work and economic growth","id":"https://metadata.un.org/sdg/8","score":0.6399999856948853}],"study_designs":[],"awards":[],"funders":[],"has_content":{"grobid_xml":false,"pdf":false},"content_urls":null,"referenced_works_count":35,"referenced_works":["https://openalex.org/W1493609631","https://openalex.org/W1497307882","https://openalex.org/W1776817149","https://openalex.org/W1981936924","https://openalex.org/W2057009456","https://openalex.org/W2072240594","https://openalex.org/W2078535483","https://openalex.org/W2091206152","https://openalex.org/W2103920048","https://openalex.org/W2112175637","https://openalex.org/W2115846503","https://openalex.org/W2123253124","https://openalex.org/W2137460764","https://openalex.org/W2144836007","https://openalex.org/W2146874659","https://openalex.org/W2193508305","https://openalex.org/W2260725321","https://openalex.org/W2281386543","https://openalex.org/W2509244786","https://openalex.org/W2527570328","https://openalex.org/W2547949064","https://openalex.org/W2601367812","https://openalex.org/W2884368083","https://openalex.org/W2938687760","https://openalex.org/W3080979461","https://openalex.org/W3121852551","https://openalex.org/W3121930358","https://openalex.org/W3122003031","https://openalex.org/W3122427457","https://openalex.org/W3124547260","https://openalex.org/W3124726930","https://openalex.org/W3125087107","https://openalex.org/W3125649736","https://openalex.org/W3125762209","https://openalex.org/W3125842237"],"related_works":["https://openalex.org/W3004861358","https://openalex.org/W3184581170","https://openalex.org/W4378837864","https://openalex.org/W2789158705","https://openalex.org/W2058900719","https://openalex.org/W2997160055","https://openalex.org/W1497307882","https://openalex.org/W2990916050","https://openalex.org/W3122596379","https://openalex.org/W7167356506"],"abstract_inverted_index":null,"counts_by_year":[{"year":2026,"cited_by_count":1},{"year":2025,"cited_by_count":3},{"year":2024,"cited_by_count":3},{"year":2023,"cited_by_count":7},{"year":2022,"cited_by_count":6},{"year":2021,"cited_by_count":5},{"year":2020,"cited_by_count":4},{"year":2019,"cited_by_count":7},{"year":2018,"cited_by_count":2},{"year":2017,"cited_by_count":8}],"updated_date":"2026-10-14T16:39:01.820549","created_date":"2022-08-19T00:00:00"}